Property Forecasting > Report

The Outlook for Residential Land in Melbourne June 2020

Melbourne’s residential market is suffering from a sharp downturn in underlying demand overall while supply remains elevated. The result is expected to be marked falls in house prices. However, the HomeBuilder grant appears to have notably boosted demand in Melbourne’s growth areas and should moderate falls in house prices in those regions, while increased demand and lower lot production mean that land prices should hold steady near term.

To read the full briefing please
If you are not a subscriber, request a free trial by filling out the form below